Q2 2022 Davide Campari Milano NV Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Campari First Half 2022 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Bob Kunze-Concewitz, CEO of Campari. Please go ahead, sir.
Thank you. Good afternoon everyone and welcome to our half year call and another strong set of results. If you follow me to Page # 2 our presentation, I'd like to kick off with the overview. Indeed the first half year was quite strong. Net sales that's EUR 1.257 billion grew by 19.2% on a half year basis and importantly if we stack that up versus the pre-pandemic era, it's an increase of 45%. Clearly we had strong momentum also in Q2 where we grew by 12.5% in this despite a very tough comp base, you recall that we were up by 54% in the same period last year.
And also we need to take into account the favorable reversal of the Q1 2022 effects.
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